KOSDAQ Market Cap, from 157 Trillion to 303 Trillion in 4 Months
[Asia Economy Reporter Koh Hyung-kwang] The market capitalization of the KOSDAQ market has once again recovered to the 300 trillion won level. It first entered the 300 trillion won range for the first time 2 years and 5 months ago but did not last long. This year, due to the impact of the novel coronavirus infection (COVID-19), it even shrank to the 150 trillion won level. Recently, abundant liquidity has flowed into KOSDAQ's bio and untact-related stocks, leading to a relatively strong performance.
According to the Korea Exchange on the 1st, as of the closing price on the 31st of last month, the total market capitalization of KOSDAQ was calculated at 303.9517 trillion won. After recording 301.6372 trillion won on the 30th of last month, it maintained the 300 trillion won level for two consecutive days. The last time KOSDAQ market capitalization recovered to the 300 trillion won level was on February 8, 2018 (307.7858 trillion won), about 2 years and 5 months ago. Compared to the lowest market capitalization this year on March 19 (157.0265 trillion won), it increased by 93.5% (146.9252 trillion won) in four months, nearly doubling.
KOSDAQ market capitalization surpassed 100 trillion won in 2007, 200 trillion won in 2015 after 8 years, and 300 trillion won in 2018, 3 years later. However, growth momentum gradually declined, and it began to lose strength, with the 200 trillion won level collapsing in August last year. This year, due to the impact of COVID-19, the KOSDAQ index fell to 419 in mid-March, significantly reducing market capitalization, but it quickly recovered afterward.
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Recently, it has not only recovered from the drop caused by the COVID-19 crisis but has been hitting new yearly highs day after day. On the 23rd, it surpassed 800 points based on the closing price for the first time in 1 year and 9 months since October 2018. The closing price on the 31st of last month soared to 815.30.
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